Sole Trader Tax Return
Expert Tax Support for Self-Employed Australians
Operating as a sole trader gives you freedom and flexibility—but it also means you’re personally responsible for lodging an accurate and timely tax return. At TSK Accountants, we specialise in helping Melbourne-based sole traders manage their tax obligations with ease and confidence.
What Is a Sole Trader Tax Return?
If you operate your business under your personal name (without registering a company), you’re considered a sole trader in Australia. As a sole trader, you must report all business income and allowable deductions as part of your individual income tax return (using the ATO’s “business and professional items” schedule).
Unlike employees, sole traders need to:
Track business income and expenses
Pay tax on net business income at individual marginal rates
Lodge BAS if registered for GST
Pay Pay As You Go (PAYG) instalments if applicable
Meet superannuation obligations if employing staff
What We Offer for Sole Traders
Our tax return service is tailored to the needs of self-employed individuals and small business operators. We help with:
Complete Tax Return Preparation
We accurately prepare and lodge your return, including business schedules, GST adjustments, and PAYG summaries.
Expense Deduction Review
Maximise your return with legitimate business deductions, such as:
Home office expenses
Work vehicle and travel costs
Tools and equipment
Business phone/internet usage
Accounting and marketing fees
BAS & GST Support
If you’re registered for GST, we lodge your Business Activity Statements (BAS) quarterly or annually, ensuring full compliance.
Record-Keeping Advice
We guide you in setting up a simple system for tracking income and expenses using software like Xero or MYOB.
Ongoing Tax Planning
Stay ahead of your tax with quarterly reviews, cash flow projections, and advice on potential business structure upgrades (e.g. moving to a company or trust).
Who We Help
Tradespeople & contractors
Freelancers, consultants & creatives
Rideshare & delivery drivers
Sole professional services
Home-based businesses
eCommerce sellers
Why Choose TSK Accountants?
Melbourne-based support with deep tax knowledge
Registered Tax Agents with over 9 years’ experience
Fast turnaround with transparent, fixed fees
Year-round support – not just at tax time
100% ATO-compliant lodgements
Take the Stress Out of Tax Time
Running a business on your own is hard enough. Let us take care of the tax side, so you can focus on growth, customers, and income.
📞 Call us on (03) 8721 9989
📧 Email: info@tskaccountants.com